After-hours buzz: SONC, BBBY & more

Check out which companies are making headlines after the bell:

Shares of Sonic (NASDAQ: SONC) slipped more than 7 percent during after-hours trading following the company's third-quarter revenue miss and disappointing guidance. The fast-food chain reported EPS of 43 cents on revenue of $124 million while the Street expected EPS of 41 cents on revenue of $126 million, according to Thomson Reuters consensus estimates. The company reported that it continues to see EPS decline 2-5 percent this year, compared to analysts' guidance of a 2.9 percent decline.

Bed, Bath and Beyond (NASDAQ: BBBY) shares tanked more than 12 percent during extended trading after the company disappointed in earnings and revenue. The home decor chain reported earnings of 53 cents on revenue of $2.74 billion while Wall Street expected earnings of 66 cents on revenue of $2.79 billion, according to Thomson Reuters consensus estimates.

Shares of Oasis Petroleum (NYSE: OAS) dipped more than 2 percent during after-hours following a downgrade by Seaport Global Securities from a "buy" rating to a "neutral" rating. Seaport also changed its price target for the company from $18 to $7.

Correction: This story was updated to reflect Bed, Bath and Beyond's ticker symbol in the headline.

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